| Element List | Explanation |
|---|---|
| Introduction | Umm Al Qura for Development and Construction Company (The Owner, Developer and Operator of Masar Destination) announces the signing of a Sharia-compliant revolving credit facility agreement to finance general working capital requirements with Saudi Awwal Bank |
| Date of obtaining the funding | 2026-03-29 Corresponding to 1447-10-10 |
| Financing entity | Saudi Awwal Bank |
| Financing amount. | SAR 500,000,000 |
| Financing duration. | Revolving facility with a tenor of 12 months |
| Guarantees offered for the financing | Mortgage of title deeds and a promissory note equivalent to the facility's limit |
| Financing objective | To finance general working capital requirements as needed |
| Related Parties | None |
| Additional Information | The documents of the Credit Facility agreement are dated on 22/01/2026 and the execution of the documents was duly completed on 29/03/2026 noting that no amount has been used or withdrawn from this facility to date |
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